Kofax earnings down during 2013

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Business software maker Kofax reported its profits slumped 33 per cent to $18m (£11.3m) in the year ending 30 June, as the London-listed company gears up for a US offering on the Nasdaq, which it first announced on Friday. The Californian firm, which specialises in software for the so-called first mile of consumer interactions, saw revenue grow 1.5 per cent to $266m for the year on the back of several big deals.